Rice Farmer - Evening Edition
Global Ponzi meltdown/House of Cards
"The global IPO market continued its downward track in the second quarter, notching its fourth consecutive period of declining deals in nearly every corner of the world."
"A survey says an astonishing 70 per cent of young Emiratis in Abu Dhabi are in debt, mostly through bank loans and credit cards. There are worries that they are being too easily lured into a 'buy today, pay tomorrow' lifestyle."
You'd think they were shocked at finding gambling going on in a casino. Surely they are aware that debt expansion is what floats the Ponzi-scheme global economy. Debt — lots and lots of it — is what created and sustains today's UAE (not to mention the rest of the world). And we know how this will end. -- RF
Fault lines/flashpoints/powder kegs/military/war drums
"Bomb blasts, gun attacks, airline crashes, kidnappings, industrial-scale oil theft, armed robberies and fraud costing billions of dollars."
"June was one of the bloodiest months in Iraq since U.S. troops withdrew at the end of last year, with at least 237 people killed and 603 wounded mainly in bomb attacks, a tally by Reuters showed on Sunday."
Global unrest/mob rule/angry people/torches and pitchforks
"Hundreds of Vietnamese demonstrated in Hanoi on Sunday against China's moves to strengthen its claim to disputed islands in the South China Sea and its invitation to oil firms to bid for blocks in offshore areas that Vietnam claims as its territory."
"Hundreds have gathered near the plant in the town of Ohi to protest the move, which has divided public opinion."
"Gulf News cited Mr Daivd Bachmann commercial counsellor and head of economic and commercial section at the Austrian Embassy in Libya as saying that the European Union is not stealing Libyan oil and investors from Nato countries exited the oil sector during the Gaddafi era. We are not stealing Libyan oil. We pay for what we get."
"Britain's cold, wet spring has been disastrous for apple-growers, with crops down by as much as 50% from expected levels."
"A half year after the U.S. military left Iraq, dire predictions seem to be coming true: The country is mired in violence and the government is on the verge of collapsing. With no relief in sight, there's growing talk of Iraq as a failed state as al-Qaida's local wing staged near daily attacks that killed at least 234 people in June."
"The controversial writer and economist on why she believes the economic rise of China, combined with the west's complacency, leaves us facing a future of terrifying global instability."
Ohi on a rainy day (photo report on the protest at Ohi NPP)
"A feed-in tariff (FIT) system that obligates electric power companies to buy renewable energy-generated electricity at fixed prices from companies or individuals kicked in on July 1...
"However, the total volume of wind power-generated electricity the utilities decided to purchase by June 30 has already reached 70 percent of the limit set by those firms, sources said."
"Okinawa Governor Hirokazu Nakaima threatened to demand the closing of all U.S. military bases in Okinawa Prefecture if the planned deployment of the new transport aircraft MV-22 Osprey proceeds."
"Members of Congress from both parties are increasingly mulling the unthinkable: going home in December without acting to avoid the $4 trillion in tax hikes and deep spending cuts known as the fiscal cliff."
And finally… Case study: Man gets headaches from porn
Jenna Orkin - Morning Edition
The interesting fact to note is that this is CNBC. - JO
"Cameron allies linked to City firms under scrutiny over interest rate fixing."
There's nothing in the MSM about this, nor any obvious mention on the website of the institute where the revolutionary procedure took place. - JO
We'd better go in and take over. - JO